NAR President Predicts Tight Mortgage Standards will Ease in 2015

Chris Polychron looks back on a successful career and forward to more growth in an exclusive interview with Real Estate Broker's Insider.

(Boonton, NJ, January 27, 2015) —
Chris Polychron took over as president of the National
Association of Realtors in November, among his many
priorities is urging regulators and lenders to open up the
flow of mortgages.

Polychron, is executive broker at First Choice Realty in Hot
Springs, AR, but he says his main role is as an agent.

A former broker-owner, he sold his company in 2007. It was
good timing on my part, Polychron says. Unfortunately, I sold
my name, too — they still have it up on their sign.

Real Estate Broker's Insider spoke to Polychron about his
career, business philosophy, and predictions for the future.

Overall he sees continued improvement noting:

I think our market is going to do better next year. Our sales
are up again for the second month in a row, unexpectedly.
Our industry is going to do better as regulators loosen up
on lending standards. Theyre giving banks confidence
instead of fear to go after some of the loans. You can go
too far, and now theyre coming back to the middle. Thats
going to be good for lenders, good for Realtors, but most
importantly good for consumers.

More from Chris Polychron appears in the January issue of
Real Estate Broker's Insider.